Multiple Choice
Match the descriptions with their terms:
-A contract in which one party might give up a great deal more than is received in the transaction is a/an _________________.
A) aleatory contract
B) Concealment
C) contract
D) Estoppel
E) express
F) insurable interest
G) insurance
H) large-loss principle
I) reasonable expectations
J) representation
K) requisites of insurable risk
L) subrogation
M) utmost good faith
N) waiver
O) warranty
Correct Answer:

Verified
Correct Answer:
Verified
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Q20: Without the insurance mechanism, the reserves needed
Q21: Match the descriptions with their terms:<br>-A/An _
Q22: A concealment would be illustrated by a
Q23: When a contract provision is broken and
Q25: Match the descriptions with their terms:<br>-_ has
Q26: Match the descriptions with their terms:<br>-The principle
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Q28: Insurance is often written when there is
Q29: An agent may without authority perform some